American Assets Investment Management, LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 3, 2026), American Assets Investment Management, LLC reported 145 stock positions worth $1.4 billion. Its top holding was Wells Fargo (WFC) at 6.0% of the portfolio, followed by Bank of America (BAC, 5.4%) and JPMorgan Chase (JPM, 4.2%). Compared with Q3 2025, it opened 6 new positions, sold out of 5, added to 11 and reduced 2. The biggest buy was Shell PLC-ADR (SHEL, shares +128%) and the biggest sale Rigetti Computing (RGTI, shares −31%).

Most Recent 13F
Q2 2026
Location
SAN DIEGO, CA
CIK
0001389256
Portfolio Value
$1.4B (Q4 2025)
SEC Filing
0001389256-26-000003 ↗ filed Feb 3, 2026

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $1.1B Q1 2024 Q2 2024: $1.1B Q2 2024 Q3 2024: $1.1B Q3 2024 Q4 2024: $1.2B Q4 2024 Q1 2025: $1.1B Q1 2025 Q2 2025: $1.2B Q2 2025 Q3 2025: $1.4B Q3 2025 Q4 2025: $1.4B $1.4B Q4 2025 Q1 2026: $1.5B Q1 2026 Q2 2026: $1.7B Q2 2026

Holdings 145 stocks · $1.4B
WFC Wells Fargo & Co. 6.05% 940,400 $87.6M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 5.40% 15,224,325 $78.3M Add +1248.5%
JPM JPMorgan Chase & Co. 4.20% 2,259,400 $60.8M Add +1172.2%
AAPL Apple Inc. 3.94% 210,000 $57.1M No change
XOM Exxon Mobil Corp. 3.41% 410,000 $49.3M No change
GS Goldman Sachs Group Inc. 3.34% 99,000 $48.3M Add +83.3%
SHEL Shell PLC-ADR 3.30% 651,000 $47.8M Add +127.6%
MSFT Microsoft Corp. 2.99% 89,650 $43.4M No change
RGTI Rigetti Computing Inc. 2.51% 1,639,800 $36.3M Reduce -30.7%
AAT American Assets Trust Inc. 1.93% 1,477,340 $28.0M Add +0.1%
CVX Chevron Corp. 1.89% 180,000 $27.4M No change
CAT Caterpillar Inc. 1.78% 45,000 $25.8M No change
COF Capital One Financial Corp. 1.66% 99,500 $24.1M No change
TFC Truist Financial Corp. 1.51% 3,384,000 $21.9M Add +781.3%
C Citigroup Inc. 1.30% 176,400 $18.9M Add +12.8%
GOOGL Alphabet Inc. Class A 1.27% 59,000 $18.5M Add +20.4%
TSM Taiwan Semiconductor-SP ADR 1.26% 60,000 $18.2M No change
WMT Walmart Inc. 1.25% 162,000 $18.0M No change
RY Royal Bank of Canada 1.22% 103,500 $17.6M No change
MS Morgan Stanley 1.20% 132,000 $17.3M Add +43.5%
PSX Phillips 66 1.17% 130,800 $16.9M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.12% 55,000 $16.3M No change
GE General Electric filed as GE AEROSPACE 1.12% 52,500 $16.2M No change
ESS Essex Property Trust Inc. 1.07% 59,500 $15.6M No change
TD Toronto-Dominion Bank 1.07% 165,000 $15.5M No change
USB US Bancorp 0.99% 270,000 $14.4M No change
ABBV Abbvie Inc. 0.95% 60,294 $13.8M No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.92% 115,000 $13.4M No change
MRK Merck & Co. Inc. 0.91% 125,000 $13.2M No change
HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC 0.91% 166,918 $13.1M No change
NVS Novartis AG-Sponsored ADR 0.89% 93,610 $12.9M No change
LLY Eli Lilly & Co. 0.89% 12,000 $12.9M No change
KR Kroger Co. 0.89% 206,150 $12.9M No change
PNC PNC Financial Services Group 0.86% 60,000 $12.5M No change
BMO Bank of Montreal filed as BANK MONTREAL QUE 0.86% 96,000 $12.5M No change
JNJ Johnson & Johnson 0.81% 57,000 $11.8M No change
CEG Constellation Energy 0.81% 33,333 $11.8M No change
AMGN Amgen Inc. 0.80% 35,190 $11.5M No change
STT State Street Corp. 0.76% 85,000 $11.0M No change
KO The Coca-Cola Co. 0.72% 150,060 $10.5M No change
WDC Western Digital Corp. 0.71% 60,000 $10.3M No change
FDX FedEx Corp. 0.70% 35,000 $10.1M No change
UL Unilever PLC-Sponsored ADR 0.68% 151,111 $9.9M No change
DE Deere & Co. 0.64% 20,000 $9.3M No change
PRU Prudential Financial Inc. 0.63% 80,459 $9.1M No change
LEN Lennar Corp. Class A 0.61% 86,370 $8.9M No change
SCHW Schwab (charles) Corp. 0.60% 86,674 $8.7M No change
GEV GE Vernova Inc. 0.59% 13,125 $8.6M No change
NOC Northrop Grumman Corp. 0.59% 15,000 $8.6M No change
NRG NRG Energy Inc. 0.58% 53,146 $8.5M No change
TTE Totalenergies SE 0.58% 150,000 $8.3M No change
NTRS Northern Trust Corp. 0.57% 60,000 $8.2M No change
MET Metlife Inc. 0.56% 103,304 $8.2M No change
SRE Sempra 0.56% 92,000 $8.1M No change
CB Chubb Ltd. 0.54% 25,000 $7.8M No change
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 0.51% 100,000 $7.4M No change
PNW Pinnacle West Capital 0.51% 83,000 $7.4M No change
AEP American Electric Power 0.48% 60,000 $6.9M No change
MDT Medtronic PLC 0.47% 71,632 $6.9M No change
BMY Bristol-Myers Squibb Co. 0.47% 127,000 $6.9M No change
HLT Hilton Worldwide Holdings Inc. 0.46% 23,332 $6.7M No change
COP Conocophillips 0.45% 70,000 $6.6M No change
AMD Advanced Micro Devices 0.44% 30,000 $6.4M No change
TM Toyota Motor Corp. -Spon ADR 0.44% 30,000 $6.4M No change
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.44% 100,000 $6.3M No change
JEF Jefferies Financial Group Inc. 0.43% 100,000 $6.2M No change
EIX Edison International 0.41% 100,000 $6.0M No change
PEP Pepsico Inc. 0.39% 39,800 $5.7M No change
VZ Verizon Communications Inc. 0.39% 140,000 $5.7M No change
URI United Rentals Inc. 0.39% 7,000 $5.7M No change
DGX Quest Diagnostics Inc. 0.38% 32,000 $5.6M No change
AMP Ameriprise Financial Inc. 0.38% 11,250 $5.5M No change
RTX RTX Corp. 0.38% 30,000 $5.5M No change
WEC WEC Energy Group Inc. 0.36% 50,000 $5.3M No change
ALLY Ally Financial Inc. 0.36% 115,000 $5.2M No change
XEL Xcel Energy Inc. 0.36% 70,000 $5.2M No change
MCHP Microchip Technology Inc. 0.35% 80,000 $5.1M No change
UTHR United Therapeutics Corp. 0.34% 10,000 $4.9M No change
CAH Cardinal Health Inc. 0.33% 23,277 $4.8M No change
SNDK Sandisk Corp. 0.33% 20,000 $4.7M No change
PPG PPG Industries Inc. 0.32% 45,250 $4.6M No change
LH Labcorp Holdings Inc. 0.31% 18,000 $4.5M No change
EXC Exelon Corp. 0.30% 100,000 $4.4M No change
AIG American International Group 0.30% 50,000 $4.3M No change
HCA HCA Healthcare Inc. 0.29% 9,000 $4.2M No change
NEE Nextera Energy Inc. 0.28% 50,000 $4.0M No change
AA Alcoa Corp. 0.28% 75,000 $4.0M No change
IWM iShares Russell 2000 ETF 0.27% 16,000 $3.9M No change
ORCL Oracle Corp. 0.27% 20,000 $3.9M New
SNY Sanofi-ADR 0.27% 80,000 $3.9M No change
DUK Duke Energy Corp. 0.26% 32,666 $3.8M No change
ABT Abbott Laboratories 0.26% 30,500 $3.8M No change
ET Energy Transfer LP 0.26% 225,800 $3.7M No change
BABA Alibaba Group Holding-SP ADR 0.24% 24,000 $3.5M No change
UNP Union Pacific Corp. 0.24% 15,000 $3.5M No change
KVUE Kenvue Inc. 0.24% 200,000 $3.5M Add +100.0%
KMI Kinder Morgan Inc. 0.24% 125,000 $3.4M No change
MDLZ Mondelez International Inc. Class A 0.23% 61,010 $3.3M No change
PM Philip Morris International 0.22% 20,000 $3.2M No change
SYK Stryker Corp. 0.22% 9,000 $3.2M No change

Show all 145 holdings

Portfolio Sells Q3 2025 → Q4 2025
RGTI Rigetti Computing Inc. Reduce -30.7% 2.51% −2.67
VGSH Vanguard Short-Term Treasury Sold out 0.00% −1.00
DD Dupont DE Nemours Inc. Reduce -25.9% 0.11% −0.20
ACI Albertsons Cos Inc. Class A Sold out 0.00% −0.13
DOW Dow Inc. Sold out 0.00% −0.12
UBER Uber Technologies Inc. Sold out 0.00% −0.11
TLT iShares 20+ Year Treasury BD Sold out 0.00% −0.08

Portfolio Buys Q3 2025 → Q4 2025
SHEL Shell PLC-ADR Add +127.6% 3.30% +1.80
BAC Bank of America Corp. Add +1248.5% 5.40% +1.13
GOOGL Alphabet Inc. Class A Add +20.4% 1.27% +0.40
ORCL Oracle Corp. New 0.27% +0.27
TFC Truist Financial Corp. Add +781.3% 1.51% +0.22
GS Goldman Sachs Group Inc. Add +83.3% 3.34% +0.18
NLY Annaly Capital Management Inc. New 0.14% +0.14
AGNC AGNC Investment Corp. New 0.14% +0.14
C Citigroup Inc. Add +12.8% 1.30% +0.14
SLG SL Green Realty Corp. New 0.13% +0.13
MS Morgan Stanley Add +43.5% 1.20% +0.12
KVUE Kenvue Inc. Add +100.0% 0.24% +0.12
JPM JPMorgan Chase & Co. Add +1172.2% 4.20% +0.08
CMCSA Comcast Corp. Class A Add +66.7% 0.21% +0.07
A Agilent Technologies Inc. New 0.06% +0.06
SPG Simon Property Group Inc. New 0.03% +0.03
AAT American Assets Trust Inc. Add +0.1% 1.93% −0.27

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 146$1.7BBAC, WFC, AAPL, JPM, XOM
Q1 2026 146$1.5BWFC, BAC, XOM, SHEL, JPM
Q4 2025 145$1.4BWFC, BAC, JPM, AAPL, XOM
Q3 2025 142$1.4BWFC, RGTI, BAC, JPM, AAPL
Q2 2025 143$1.2BWFC, BAC, JPM, MSFT, RGTI
Q1 2025Amended 146$1.1BXOM, BAC, AAPL, JPM, WFC
Q4 2024Amended 155$1.2BRGTI, AAPL, BAC, XOM, JPM
Q3 2024 160$1.1BXOM, AAPL, BAC, AAT, MSFT
Q2 2024 161$1.1BXOM, BAC, AAPL, MSFT, JPM
Q1 2024 168$1.1BXOM, MSFT, AAPL, JPM, AAT